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15 November, 20:06

Which of the following is NOT one of the strategies incorporated in the Sarbanes-Oxley Act of 2002?

(A) Establish compliance programs

(B) Establish ethics programs

(C) Dictate maximum compensation levels

(D) Attain greater board independence

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Answers (1)
  1. 15 November, 20:28
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    Answer: Option (C) is correct.

    Explanation:

    Sarbanes-Oxley Act was ratified under the assumption that it will bring down organization fraud. It is also responsible for creation of PCAOB also known as Public Company Accounting Oversight Board which was created to oversee accounting industry. It also denied organization loans to executive and also gave employment protection to so called whistle-blowers. This Act is thoroughly responsible for strengthening independence and the financial literacy of organizations boards.
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Home » Business » Which of the following is NOT one of the strategies incorporated in the Sarbanes-Oxley Act of 2002? (A) Establish compliance programs (B) Establish ethics programs (C) Dictate maximum compensation levels (D) Attain greater board independence
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